DUMBO

DUMBO is a neighborhood of Brooklyn, New York City, located along the East River waterfront between the Manhattan Bridge and the Brooklyn Bridge. The neighborhood's name is short for "Down Under the Manhattan Bridge Overpass", referring to its situation underneath the Manhattan Bridge. DUMBO was once a ferry crossing, and it was an industrial district from the 1880s until the mid-20th century. Young homesteaders and artists moved into loft apartments in DUMBO during the 1970s, and DUMBO was gentrified during the late 20th century. DUMBO became the richest neighborhood in Brooklyn and the fourth-richest in New York due to the rise of startup companies, with 25% of New York City-based technology firms being based in the neighborhood. In 2010, DUMBO had a population of 1,139 people.